Creditbit's rate of adoption makes it a likely contender for the top 10 altcoins spot. Read more...

The acceptance of cryptocurrencies as an alternative payment option is increasing across the world. The movement has gained momentum following increased adoption of Bitcoin among the masses.

As digital currencies become prevalent, Bitcoin is not going to be the only one benefitting from it. The circulation of other cryptocurrencies will also witness a proportional increase in transaction volumes.

Bitcoin leads the cryptocurrency market at this time, but it may not be the case for long. The scalability issues plaguing the digital currency has already led to an increased mining fee, making transactions costlier. Also, the increasing transaction backlogs in the mempool has considerably affected the confirmation times as well. The current situation of Bitcoin network makes it unsuitable for handling high transaction volumes.

The increasing dependency on cryptocurrencies will soon result in people exploring for alternatives to Bitcoin. The trend will result in significant increase in the adoption of altcoins. Creditbit is among the altcoins that have gained the crypto-communitys attention. Even though Creditbit is a relatively new altcoin compared to other players, it has managed to gain a strong following. In addition, the faster confirmation and block times has placed Creditbit in a comfortable position among other altcoins.

The Creditbit team is also actively working on improving the existing offering while adding new features. The platform has recently rebranded itself and also introduced an extended roadmap detailing further development.

These constant improvements and the unique distribution mechanism currently in the process of adoption is expected to strengthen Creditbits position in the community further. The cryptocurrencys growth is already being reflected in Creditbits recent price trends. The cryptocurrency has registered a twenty-fold increase in price within a span of one month.

Also, with the growing merchant network and the extension of support by few leading cryptocurrency payment services, Creditbit stands a greater chance of adoption in the coming months. If Creditbit manages to maintain the current rate of growth, it will be among the top ten altcoins in no time.

Continued here:
Creditbit May Soon Find Itself among the Top 10 Altcoins - NEWSBTC - newsBTC

As far as I can tell, LCF Coin or whoever is behind it doesnt have an official web presence.

Those promoting LCF Coin are doing so via Google forms. What happens to the information entered into these forms is unclear.

The marketing narrative for LCF Coin is that the Rothschild Family and Chinese government are teaming up to launch a cryptocurrency.

Thats pretty much all theyre going with, apart from an official launch purportedly taking place in February, 2017.

Marketing for LCF Coin is all manner of bogus. Apart from the bombastic claim of the Rothschild family teaming up with the Chinese government to launch the coin,LCF Coin affiliates are also claiming:

There is of course no third-party evidence to back up any of these claims, or even indeed the involvement of either the Rothschild family or Chinese government in LCF Coin.

In the run up to a launch sometime in early 2017, LCF Coin are promising affiliates free LCF Coins if they recruit new affiliates.

LCF Coins are represented as having a value of 50 cents each, with this value seemingly plucked from thin air.

LCF Coin affiliate marketing presentations projectthe value of LCF Coin at $7 each by May, 2017.

Once LCF Coin launches, an MLM compensation plan purportedly based on a 55 matrix will be used to pay affiliates with.

LCF Coin are not charging affiliates to sign up yet, but presumably fees will be charged at launch and pay out via the matrix.

This of course would be pyramid recruitment, on top of Ponzi investment fraud via LCF Coins.

At the time of publication LCF Coin does not appear on any reputable public cryptocurrency exchange.

Given affiliates are taking names via Google forms, Id say theres a good chance LCF Coins dont exist yet period.

The lcfcoin.com domain was privately registered through a Korean company on November 2nd, 2016. The domain is currently parked with a coming soon message.

Putting all of this together, scammers in Korea and/or China appear to be building an email list of gullible idiots to push an MLM altcoin onto later this year.

Expect the usual were gunna be the next bitcoin pitches, with the Rothschild and Chinese government claims likely to be dropped at public launch (they can get away with it now because LCF Coin doesnt exist outside of scattered Google forms).

I can tell you thatif either the Chinese government or the Rothschilds were looking to get into cryptocurrency, they wouldnt be doing it through shoddy websites with hypey promises that link to Google forms.

The LCF Coin signup forms Ive seen are demanding names, a passport number, cell phone number, drivers license and an email address. Identity theft of the extremely stupid people who fill in these forms is also a possibility.

Well keep an eye out on whether LCF Coin actually launches later this year, but for now it appears to be shaping up as just another MLM altcoin pump and dump scam.

Update 12th January 2017 The Rothschild family have clarified they have nothing to do with LCF Coin.

The rest is here:
LCF Coin Prelaunch Review: Rothschilds & Chinese govt altcoin?

While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins, many of the alternative digital currencies are still well suited for mining on your home PC.

In this guide, well take you through all you need to know to start digging up a few litecoins, feathercoins or dogecoins without any costly extra equipment.

For the most part, cryptocurrencies employ either SHA-256 or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt.

Scrypt tends to be the more memory intensive of the two however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with yet.

Perhaps surprisingly, its still possible to use just your computers CPU to mine some of the digital currencies. This holds true, even if you have only a laptop with integrated graphics; though this may not prove terribly effective and is not a set-up we would recommend.

Before you start mining, you will need a wallet to keep your hard-earned coins in (see our guide to storing bitcoin). A good option is to head to the homepage of the currency you intend to mine and seek out the download link for the default wallet app. If you would like to do more research into litecoin specifically, we have a guide on how to get started.

If you find yourself in need of help and advice, most altcoins have community forums, as well as their own subreddit. The majority of wallets are based on the original Bitcoin-Qt client. Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while the coin's entire block chain downloads.

Unless you possess specific mining hardware, there are two ways to mine cryptocurrencies: with your central processing unit (CPU) or with your graphics processing unit (GPU) the latter being sited, of course, on your graphics card.

Of the two, a GPU offers far better performance for the cryptographic calculations required. However, if you are making your first foray into mining and don't possess a souped-up gaming computer a laptop with Intel integrated graphics, perhaps it will still be possible to mine those altcoins, but at a far slower rate.

The catch with GPU mining is that it requires a dedicated graphics processor, such as you may have fitted inside your desktop PC the Intel integrated graphics cards found in most laptops are just not suitable for the task. To keep speeds up to a respectable level, most altcoin miners build dedicated machines using motherboards that can house multiple graphics cards, usually via riser cables.

Be aware, too, that mining digital coins is very system intensive and can reduce the lifespan of your electronic components. It's a good idea to make sure you have adequate cooling in place, keep an eye on those temperatures and keep hold of any warranties just in case.

Mining can either be a solitary venture or you can join a mining 'pool', where a number of people combine their processing resources and all take a share of the rewards.

It can be helpful to think of mining pools as joining a lottery syndicate the pros and cons are exactly the same. Going solo means you get to keep the full rewards of your efforts, but accepting reduced odds of being successful. Conversely, joining a pool means that the members, as a whole, will have a much larger chance of solving a block, but the reward will be split between all pool members, based on the number of 'shares' earned.

If you are thinking of going it alone, it's worth noting that configuring your software for solo mining can be more complicated than with a pool, and beginners would probably be better off taking the latter route. This option also creates a steadier stream of income, even if each payment is modest compared to the full block reward.

Deciding which altcointo mine will be something else to bear in mind, however, some pools, such as Multipool, manage this for you and switch coins based on profitability.

A handy piece of software called cpuminer is the easiest way to start mining, but does require the ability to use the command line on your computer. The program can be downloaded from SourceForge and is available for Windows (32 and 64 bit), OS X and Linux. For the purposes of this guide, though, we are making the assumption that you are using the Windows OS.

First, download the appropriate file for your operating system. The zip file can be extracted to anywhere on your hard drive, as long as you remember where it went. A good idea would be to create a 'cpuminer' folder on your desktop.

So, how to set up cpuminer with the parameters needed for your mining pool? Well, it's usually simplest to write a one-line script (known as a 'batch file' in Windows) to launch the miner with the correct instructions.

To do this you will need the following:

Now, open Notepad or your preferred text editor. Do not, however, use a word processor such as MS Word. Next, enter the script using the following formula (note that this method assumes you are mining a currency that uses the scrypt algorithm):

start "path" minerd.exe - -url URL:PORT a scrypt - - userpass USERNAME.WORKER:PASSWORD

So, using the example details above, you would have produced the following text:

start "C:cpu-miner-pooler" minerd.exe --url stratum+tcp://pool.d2.cc:3333 -a scrypt --userpass username.1:x

Save this file with a ".bat" extension; for example: "my-mining-profile.bat".

Once the batch file is saved, double click it to activate the miner program. Your mining pool will most likely have a web-based interface and, within a few minutes, the website should show that your mining worker is active.

Now that you know how to mine with the CPU, let's have a look at using your GPU.

For those that intend to mine with GPUs, or USB mining devices, cgminer is the program to use and can be downloaded from the developer's website unless, that is, you're a Mac user, in which case you will find some unofficial binaries here.

Versions of cgminer following version 3.72 do not support scrypt mining, and support for GPUs was removed in version 3.82. Therefore, the latest version isn't necessarily the one to download. Instead, seek out the version appropriate for your needs.

Again, in this example, we are making the assumption that you are using the Windows OS. However, if you are using Linux or OS X, the command line arguments (ie: the parameters) are the same. Furthermore, the instructions below once again assume you will be mining a scrypt currency.

Extract the software into a folder that can easily be found, eg: "c:cgminer".

Before going any further, make sure that your graphics drivers are up to date.

Next, press the Windows key together with the "R" key, type in "cmd", and press "enter". This will open the command terminal. Use the "cd" command to change the directory to the one housing the cgminer zip file.

Then, type in "cgminer.exe n". This will list all recognised devices on your PC. If your graphics card is detected, you should be good to go. If not, you'll have research the steps required to properly set up your specific graphics card.

You will now need your mining pool details, just as with the CPU mining section above:

Now we'll make a batch file again, in order to start cgminer up with the correct parameters. In this case, the command structure is:

Start "path" cgminer -- scrypt -o URL:PORT -u USERNAME.WORKER -p PASSWORD

For example,

Start "C:cgminer" -- scrypt o stratum+tcp://pool.d2.cc:3333 --userpass username.1:x

Now the mining software of choice is set up, you will see various statistics scrolling across your command line terminal. If you are using cgminer, you will see more information than you would with cpuminer. In the case of the former, you will see information about the currency and the mining pool, as well as about your mining hardware. If you're running cpuminer, you will only see references to blocks that your PC has solved; although, it does, at least, show your hashing speed.

Good news for miners who own PCs with dedicated graphics cards: it is possible to run both cpuminer and cgminer at the same time. To make this possible, add a "-- threads n" argument to the minerd command. Here, "n" stands for the number of CPU cores that you wish to employ for mining.

Remember to leave one or two cores free to control your GPUs, though. Setting minerd to use all CPU cores will mean that the CPU will be too busy to send data to the GPU for processing. For example, if you have a quad core CPU, try setting the "--threads" argument to "2" or "3".

Mining with both GPU and CPU concurrently reveals just how much better GPUs are at mining than the CPU. Compare the hash rates shown in the terminal windows for each of your mining programs and you should see at least a five-times difference in hashing speed.

Go here to read the rest:
CoinDesk How to Mine Litecoin - A Guide on Litecoin Mining ...

Its been a while since I reviewed Bitcoin wallets. The reason for this is that most Bitcoin wallets are basically the same so rarely do you stumble upon a wallet that is innovative.

Until today

A few days ago I got an email from one of my subscribers telling me he didnt take my advice for the best Bitcoin wallet and used the Exodus wallet instead. He then went on to glorify the wallets interface and ease of use. I wasnt aware of such a wallet so I looked it up online and apparently Exodus is indeed a new Bitcoin wallet.

Before going any further watch this video and see for yourself why its so unique.

Exodus seemed to have been launched a month ago (July 2016) and still hasnt gained enough reputation in the Bitcoin community. Actually Exodus is not just a Bitcoin wallet, its a Blockchain assets wallet. This means you can store Bitcoins, Litecoins, Dash, Ether and Dogecoins on Exodus all together.

But this is not all that makes Exodus so unique, here are the main things that I found so appealing:

Probably the strongest suite Exodus has is its user interface. Even if I didnt know nothing at all about Bitcoin or cryptocurrencies I would still be able to use this wallet. It reminds me of Circle in the simplicity. Exodus is the kind of product you fall in love with the first time you use it, and thats quite rare inthe cryptocurrency world.

Heres how an overview of your blockchain assets looks like:

Nice huh? 🙂

Since Exodus is a desktop wallet navigation is fast and the private keys to your cryptocurrencies are stored on your machine. Exodus is a litewallet so you dont need to download the whole Blockchain to your computer like you do with Bitcoin Core. Exodus is currently compatible with Mac, Windows and Linux. If you need to back up your wallet theres a VERY simple step by step wizard built in inside the wallet that will help you do so.

You will also receive a backup link via email if you want to install Exodus on a another machine (say your computer gets destroyed). Its all very secure through the use of a password and a mnemonic phrase (in case you forget your password).

One of the best features of Exodus in my opinion is the ability to trade your altcoins for Bitcoin and vice versa. Exodus has a built in exchange (powered by Shapeshift) that allows you to trade cryptocurrencies in seconds. You cant buy coins with fiat, but since the whole idea of Exodus is to move away from any verification processes and dealing with banks I think that fits in perfectly.

Its OKto make a crappy product, its not OK to leave it that way. I think what got my attention the most is the genuine interest Exodus founders had in their users opinion. Of course they are only about a month into running this project but something tells me JP and Daniel (the founders) are here to stay. You can see it in the simple to understand support videos theyve uploaded, the multiple communication channels theyve supplied on their site and the direct messaging platform to the foundersvia Slack.

To sum things up, Exodus looks like a complete hit. The only downside I can see at the moment is the fact that the company and wallet havent gained enough reputation yet. Combine that with the fact that the Exodus code isnt open source and you will always arouse some suspicion from the crypto community. Also, in order to become a true killer app the developer will have to continue and expand to mobile as well in my opinion.

But I believe that as time goes by and more early adopters come on board Exodus will quickly gain its loyal user base.

Click here to check out Exodus for yourself

If youve had any experience with the Exodus wallet Id love to hear about it in the comment section below.

altcoin Wallet Exodus Wallet Review">

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Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

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My New Best Bitcoin (and altcoin) Wallet Exodus Wallet ...